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tax on winnings from outside of EU

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  • 02-10-2008 4:33pm
    #1
    dreamwalker
    Closed Accounts Posts: 2 ✭


    Hi Everyone,

    I was searching the boards but I couldn't find an answer to this. I understand that quite a few of you are making substantial income playing on servers abroad (partypoker, fulltilt itp). Do you have to declare your income and pay any taxes on this? I know that this is not the case with paddy poker for example, but then they are based in Ireland.

    Also, seems quite a lot of people are using neteller and such. Wouldn't it be easier to just make withdrawals to your debit/credit card? Or is there something I am not aware of here?

    Could someone shed some light on this issue please?

    Thank you very much for your help and I apologize if this has been brought up earlier.
    Tagged:


Comments

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    #2
    max_power
    Closed Accounts Posts: 1,083 ✭✭✭max_power


    There is no tax on gambling, wins/losses in Ireland. Doesn't matter where the servers are. /thread


  • Options
    #3
    Mellor
    Registered Users Posts: 39,303 ✭✭✭✭Mellor


    And I don't think paddy powers servers are in ireland, their offices are,
    but so are full tilt's


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    #4
    30something
    Closed Accounts Posts: 1,535 ✭✭✭30something


    I'm outta here.

    OP could be Revenue Official :pac::pac::pac:


  • Options
    #5
    hotspur
    Registered Users Posts: 2,327 ✭✭✭hotspur


    And most sites don't offer the facility to credit withdrawals onto one's credit card.


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    #6
    Macspower
    Registered Users Posts: 3,193 ✭✭✭Macspower


    30something wrote: »
    I'm outta here.

    OP could be Revenue Official :pac::pac::pac:

    true... if so can I please write off my losses for the year???

    thanks... btw I never won anything EVER


    We discussed this at length once where my accountant included my withdrawls from a poker site as earnings for my business as it was paid inot my business account.. He had to be put right on the matter and it was taken off..
    No tax on winnings in Ireland... YET


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  • Options
    #7
    dreamwalker
    Closed Accounts Posts: 2 ✭dreamwalker


    thank you for the replies!


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    #8
    nice1franko
    Closed Accounts Posts: 2,300 ✭✭✭nice1franko


    Macspower wrote: »
    true... if so can I please write off my losses for the year???

    +1 :(


  • Options
    #9
    mytree33
    Closed Accounts Posts: 1 ✭mytree33


    thanks from the info


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